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A company produces three products which must be painted, assembled, and inspected. The machinery must be cleaned and adjusted before each batch is produced. They want to maximize their profits for the amount of operating time they have. The unit profit and setup cost per batch are:
The operation time per unit and total operating hours available are:
Based on this ILP formulation of the problem and the optimal solution (X1, X2, X3) = (270, 0, 0), what values should appear in the shaded cells in the following Excel spreadsheet?
Xi = amount of product i produced
Yi = 1 if product i produced, 0 otherwise
ADEA
The Age Discrimination in Employment Act (ADEA) is a federal law that aims to protect employees and job applicants 40 years of age and older from age-based discrimination in the workplace.
Equal Pay Act
Laws designed to eliminate differences in pay between genders by guaranteeing that both men and women are compensated equally for work of the same value.
Seniority System
An organizational practice where decisions on promotions, layoffs, and other employment actions are made based on the length of an employees’ service.
Merit System
A system used in hiring and promoting individuals based on their abilities and qualifications, rather than on nepotism or patronage.
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